Can You Get a Mortgage With a Debt Management Plan?

Yes, you can get a mortgage with a DMP (Debt Management Plan). While high street lenders typically decline, specialist lenders understand that a DMP shows responsible debt management. You'll need a larger deposit (15-25%), and your options improve once the DMP is completed. The DMP affects your credit for 6 years from the start date.

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Can I get a mortgage with a DMP?

Yes, you can get a mortgage with a debt management plan, but your options will be more limited. Some specialist lenders consider applications from people currently on a DMP, while more lenders are available once your DMP is completed. A larger deposit (15-25%) typically improves your chances.

How long after a DMP can I get a mortgage?

You can apply during a DMP with specialist lenders, though options improve after completion. The DMP shows on your credit file for 6 years from the start date. Many lenders prefer to see 1-2 years of clean credit after completion, while some specialist lenders will consider applications immediately after.

Do DMPs show on your credit file?

Yes, a DMP will appear on your credit file. Individual debts included in the DMP may show as 'arrangement to pay' or 'partial settlement'. These markers stay for 6 years. While the DMP itself isn't directly recorded, the reduced payments to creditors will be visible to lenders.

Will a DMP affect my mortgage application?

Yes, a DMP will affect your application. High street lenders typically decline applications from people on DMPs. However, specialist lenders understand that DMPs show responsible debt management and may consider your application, especially with a good deposit and stable income.

Is a DMP better than an IVA for mortgage purposes?

Generally yes. A DMP is informal and doesn't appear as a formal insolvency on public records. You have more flexibility to pay off debts early if circumstances improve. IVAs are formal and recorded on the Insolvency Register. However, both can lead to mortgage approval with specialist lenders.

What deposit do I need for a DMP mortgage?

Most specialist lenders require a minimum 15-25% deposit for DMP mortgages. The larger your deposit, the better rates you'll access. If you're currently on a DMP, expect to need at least 20%. After completion with some clean credit history, 15% deposits become more accessible.

Quick Answer

Can I Get a Mortgage With a Debt Management Plan (DMP)?

Last reviewed: December 2025

Reviewed by Jay Sabine – CeMAP Qualified – 29 years experience

Yes - specialist lenders offer mortgages during and after DMPs. You'll need 15-25% deposit and a broker who knows which lenders accept DMP applications.

A Debt Management Plan (DMP) doesn't automatically disqualify you from getting a mortgage. While mainstream lenders typically decline applications from people on DMPs, specialist adverse credit lenders take a more flexible approach. They recognise that entering a DMP shows you're taking responsibility for your debts rather than ignoring them. Your options depend on whether you're currently on a DMP or have completed one, how long ago it started, your deposit size, and your current income stability. Lenders will look at your overall credit profile, not just the DMP in isolation.

Your home may be repossessed if you do not keep up repayments on your mortgage. A DMP is not suitable for everyone - seek debt advice first.

Key Points

1Specialist lenders accept DMP mortgage applications
215-25% deposit typically required
3Options improve after DMP completion
4DMP markers stay on credit file for 6 years
5Stable income and affordability still assessed
6DMP shows responsible debt management to some lenders

Eligibility Criteria

Minimum 15% deposit (20%+ often required during active DMP)
Stable income that meets affordability requirements
DMP payments being maintained on time
No mortgage arrears if you already own a property
Preferably 12+ months into DMP showing consistent payments

Typical Timeframe

You can apply for a mortgage while on a DMP - there's no mandatory waiting period. However, your options expand significantly 1-2 years after completing a DMP and building some clean credit history. Best rates typically available 3+ years after DMP completion.

Next Steps

1Check your credit report for accuracy
2Calculate your deposit amount
3Get a DMP statement showing payment history
4Speak to a specialist adverse credit broker
5Avoid new credit applications before mortgage

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Can I Get a Mortgage With a Debt Management Plan (DMP)?

Key Points

Eligibility Criteria

Typical Timeframe

Next Steps

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